SIC Code 7389-21 - Business Development

Marketing Level - SIC 6-Digit

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Total Companies

862

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SIC Code 7389-21 Description (6-Digit)

Business Development is a strategic process that involves identifying and pursuing new business opportunities to help a company grow and expand its market share. This industry focuses on creating long-term value for a company by building relationships with potential clients, partners, and investors. Business Development professionals work to identify new markets, develop new products and services, and establish partnerships that can help a company achieve its growth objectives. This industry requires a deep understanding of market trends, customer needs, and competitive landscapes to create effective strategies that can drive business growth.

Hierarchy Navigation for SIC 6-Digit Code 7389-21

Tools

  • Customer Relationship Management (CRM) software
  • Market research tools
  • Sales automation software
  • Business intelligence tools
  • Social media management tools
  • Email marketing software
  • Proposal and contract management software
  • Networking tools
  • Lead generation tools
  • Competitive analysis tools

Industry Examples of Business Development

  • Strategic partnerships
  • Market expansion
  • Product development
  • Sales growth
  • Brand awareness
  • Investment opportunities
  • Joint ventures
  • Mergers and acquisitions
  • Channel development
  • Customer acquisition

SIC Code 7389-21 - Business Development

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